UPDATE 1-UK Stocks-Factors to watch on May 24

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on May 24
Credit: © Reuters.

(Adds futures, company news items)
May 24 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening down 20
points, or 0.3 percent, on Tuesday, according to financial bookmakers, with
futures FFIc1 down 0.4 percent ahead of the cash market open. For more on the
factors affecting European stocks, please click on The UK blue chip index closed 0.3 percent lower at 6,136.43 points on
Monday, with a drop in the prices of crude oil and industrial metals putting
pressure on commodities-related stocks.
* SHELL: Dutch pension fund PGGM, a major shareholder in Royal Dutch Shell
RDSa.L , criticised the company's climate change policy on Monday, a day before
Shell's annual meeting.
* SEVERN TRENT: British water utility Severn Trent Plc SVT.L said on
Tuesday it expected to save about 670 million pounds ($970 million) in total
expenditure between April 2015 and March 2020, as it locked in further
efficiencies.
* NATIONWIDE BUILDING SOCIETY: Nationwide Building Society POB_p.L ,
Britain's biggest customer-owned lender, reported a 9 percent increase in annual
underlying profit to 1.3 billion pounds ($1.9 billion) on Tuesday.
* CYBGC PLC: Clydesdale Bank Plc CYBGC.L on Tuesday posted a 2.5 percent
rise in first-half net interest income, helped by growth in mortgage lending and
lower term deposit and wholesale funding costs.
* INTERMEDIATE CAPITAL: British asset manager Intermediate Capital Group
(ICG) ICP.L posted a 20 percent rise in full-year assets under management to
21.6 billion euros($24.22 billion)on Tuesday, driven by strong demand for its
debt strategies.
* PARAGON GROUP OF COMPANIES: British lender Paragon Group of Companies Plc
PARA.L reported a rise in first-half profit and said it expected to see
relative benefits from the tax changes announced for the buy-to-let mortgage
market.
* STOCK SPIRITS: Vodka maker Stock Spirits Group Plc's STCK.L shareholders
voted for all the proposals put forth by Western Gate Private Investments Ltd,
handing the top investor a victory nearly two months after it started agitating
for changes at the company.
* UK REFERENDUM: The cost of a family holiday to Europe could rise by up to
230 pounds ($333) if Britons vote to leave the European Union next month, the
prime minister said on Tuesday in the latest in a string of warnings of the
impact of Brexit on family finances. UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
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